Demo Account Guide
Demo Account Guide
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Forex Brokers Offering Demo Account

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A demo account is a type of account funded with virtual money. By using this demo, traders are experienced with the trading platform and its various features. A demo account also helps traders to understand how forex market works, before deciding to set up a real account funded with the customer's actual money. Demo accounts are offered by lots of online trading platforms, including stock trading platforms, foreign exchange trading venues, and commodities exchanges.

Below you will find a list of Forex Brokers that offer demo account for trading.


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Additional FAQ

As a general rule, traders could use a demo account from one to three months to test a trading strategy. For instance, position traders who maintain trading positions in the forex market for weeks or months will need to spend more time on a demo account than intraday traders who only hold trading positions for hours or days.

During this time, traders should focus on:

Once traders are confident that the strategy works well, they can start using it in the real account.

Continue Reading at How Long Should You Trade on Demo Account?

Each broker has various types of services that they can offer to clients. Below is a list of questions to determine the most suitable broker based on its demo platform:

  • How can I place a stop or limit order?
  • Can the orders be set automatically or at the time of entry?
  • How do the spreads on the platform vary over time?
  • What is the typical spread?
  • What is the lot size I can trade (0.01, 0.1, or 1 lot)?
  • Can I mix and match the lot sizes?
  • Is customer service reliable even if my internet connection is down?

Generally, good brokers for demo trading have notable regulatory licenses, good reputation among clients, long-time experience in the business, and a wide choice of tradable assets.

Continue Reading at Forex Demo Account: The Good, the Bad, and the Brokers

Demo accounts facilitate traders to learn more about the technical aspects that can make a difference. For example, traders can learn when and where to enter and exit, how the price is affected by support and resistance levels, or what differences candlestick charts and bar charts have.

Studying trend-based indicators is highly encouraged if you aim to be a trend trader since forex trading is full of tools such as Moving Average, MACD, and Bollinger Bands. By practicing efficiently in demo account, you can learn which technical indicators are useful for you and which ones can be discarded without having to worry about the risk of losing money.

Continue Reading at Forex Demo Account: The Good, the Bad, and the Brokers

Brokers offer various platforms, each of which is unique on its own. By using demo accounts, traders will have the time to familiarize themselves with a platform and all of its tools. For example, if you plan on using MT4, you will get the opportunity to understand the types of forex orders and how to place them using the available tools.

Through demo accounts, traders are also given access to market charts, live news feeds, currency quotes, and many more. Traders can assess whether they are comfortable with the platform's extra features. The brokers can also ask the brokers to provide the necessary tools or educational content to understand the platform better.

Continue Reading at Forex Demo Account: The Good, the Bad, and the Brokers


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